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September 22, 2021


India top court upholds antitrust probe of Amazon, Walmart’s Flipkart

NEW DELHI, Aug 9 (Reuters) – India’s Supreme Court ruled on Monday that antitrust investigations into business practices of Amazon.com Inc (AMZN.O) and Walmart’s (WMT.N) Flipkart must continue, in a setback for the two e-commerce giants who had urged the court to put them on hold. The Competition Commission of......

Walmart’s latest business: Selling its e-commerce tech to other retailers

CNBC – For more and to sign up click here Just as Amazon Web Services is the profit center that powers much of Amazon’s other businesses, Walmart CEO Doug McMillon has been increasingly interested in expanding his company’s profit pools beyond its core retail business. Starting Wednesday, small- and medium-sized......

Walmart’s Black senior managers give the company low marks, report says

CNBC – For more and to sign up click here Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images Walmart......

Score Major Savings During Walmart’s Deals for Days Event Before Prime Day – E! Online

We independently selected these deals and products because we love them, and we think you might like them at these prices. E! has affiliate relationships, so we may get a commission if you… E! Online – For more and to sign up click here To Return to the Main Aggregate......

Indian court deals blow to Amazon, Walmart’s Flipkart in antitrust case

An Indian court dismissed pleas on Friday by Amazon.com Inc (AMZN.O) and Walmart’s (WMT.N) Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market. The Competition Commission of India (CCI) announced its investigation in January 2020 after......

Gap CEO says the retailer’s ‘cool’ factor and Walmart’s scale make tie-up the perfect match

CNBC – For more and to sign up click here Gap CEO Sonia Syngal thinks Walmart is the perfect partner for the apparel retailer as the two companies endeavor to launch a new home brand together. “This is a new chapter for us,” Syngal told CNBC’s Jim Cramer on “Mad......

Free samples with your curbside groceries: How brands are wooing Walmart’s online shoppers

CNBC – For more and to sign up click here Cure Hydration got picked up by major retailers during the pandemic. Without in-store demos, it had to come up with creative ways to get its fruit-flavored electrolyte drinks into shopping carts. Cure Hydration Cure Hydration’s lucky break came at a......

Walmart’s Flipkart expands grocery sales to more Indian cities

FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration BENGALURU (Reuters) – Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce market that has......

Goldman’s consumer banking head Omer Ismail joins Walmart’s fintech venture- Bloomberg News

Feb 28 (Reuters) – Goldman Sachs Group Inc’s consumer banking chief Omer Ismail is leaving to join Walmart Inc’s fintech venture, Bloomberg reported bloom.bg/3sGgEXn on Sunday citing people with the knowledge of his plans. David Stark, one of his top lieutenants at Goldman, will also join him, the report added.......

Walmart’s use of TikTok will likely continue, even if deal with Oracle falls apart

CNBC – For more and to sign up click here Walmart‘s hopes of owning a stake of TikTok may be dashed, but don’t expect its interest in the viral video app to fade away. The company’s plan to buy the social media app’s U.S. operations with Oracle has been indefinitely......

Walmart’s e-commerce chief Marc Lore to leave after jumpstarting retailer’s digital business

CNBC – For more and to sign up click here Marc Lore, CEO, Walmart eCommerce Scott Mlyn | CNBC Walmart’s U.S. e-commerce business leader Marc Lore is leaving the big-box retailer, nearly five years after it looked to the serial entrepreneur to help accelerate its online business, according a filing......

E-commerce keys Walmart’s quarterly growth

BENTONVILLE, ARK. — Driven overwhelmingly by growth in its e-commerce business, comparable sales in the US business of Walmart Inc. rose 6.4% in the company’s third quarter. While Walmart’s online business continued to operate at a loss, C. Douglas McMillon, president and chief executive officer, said the e-commerce business is......

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